Saturday

PDP Chieftain, Iyiola Omisore Refunds N350m to EFCC

A former Deputy Governor of Osun State, Senator Iyiola Omisore, has
now paid back N350million of the N1.7billion public funds which the
Economic and Financial Crimes Commission ( EFCC) traced to him.

Omisore first paid N300million and another N50million to the EFCC yesterday according to The Nation.

A top-level source in the EFCC confirmed the development, saying: "We hope he will pay up the balance as soon as possible.

“We are determined to retrieve all slush funds for the nation’s use,” the source added.

About N4.685billon was transferred by the Office of National Security
Adviser (ONSA) to Sylva McNamara Limited, a company linked to a former
Minister of State for Defence, Mr. Musiliu Obanikoro.

Of the sum, about N3.880billion was allegedly given to Governor
Ayodele Fayose and Senator Omisore through cash and bank transfers by
Obanikoro.

Omisore’s share was said to be about N1.7billion. The former Deputy
Governor gave the list of companies which benefited from the
N1.7billion that was released by the NSA to him.

According to a report by the EFCC, some of the funds were remitted as
follows: Fimex Gilt Limited (N160m)-8/8/2014in UBA; Metropolitan
Consortium (N350m)—9/7/14 in First Bank; Sawanara (N300m)—1/8/14 in
First Bank and Metropolitan Consortium (N350m)-1/8/14 in First Bank.